Ray Dalio: Principles, the Economic Machine, Artificial Intelligence & the Arc of Life

Ray Dalio is the founder, Co-Chairman and Co-Chief Investment
Officer of Bridgewater Associates, one of the world’s largest and
most successful investment firms that is famous for the
principles of radical truth and transparency that underlie its
culture. Ray is one of the wealthiest people in the world, with
ideas that extend far beyond the specifics of how he made that
wealth. His ideas, applicable to everyone, are brilliantly
summarized in his book Principles.


This conversation is part of the Artificial Intelligence
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Here’s the outline of the episode. On some podcast players you
should be able to click the timestamp to jump to that time.


00:00 – Introduction
02:56 – Doing something that’s never been done before
08:39 – Shapers
13:28 – A Players
15:09 – Confidence and disagreement
17:10 – Don’t confuse dilusion with not knowing
24:38 – Idea meritocracy
27:39 – Is credit good for society?
32:59 – What is money?
37:13 – Bitcoin and digital currency
41:01 – The economic machine is amazing
46:24 – Principle for using AI
58:55 – Human irrationality
1:01:31 – Call for adventure at the edge of principles
1:03:26 – The line between madness and genius
1:04:30 – Automation
1:07:28 – American dream
1:14:02 – Can money buy happiness?
1:19:48 – Work-life balance and the arc of life
1:28:01 – Meaning of life